Interactive Brokers reported a 32% year-on-year increase in client accounts for May, reaching a total of 3.79 million.
Interactive Brokers Sees Client Accounts Rise 32% YoY
The gain also represents a 2% month-on-month increase, as the global electronic broker continued to benefit from heightened trading activity and investor engagement.
The US-based firm said daily average revenue trades (DARTs) rose 43% from a year earlier to 3.384 million, although they were down 11% compared to April.
Client equity ended the month at $628.2 billion, up 29% year-on-year and 7% higher than the prior month.
Client margin loan balances stood at $61.2 billion, marking a 15% increase from a year earlier, while credit balances reached $134.7 billion, up 26% year-on-year. The firm’s insured bank deposit sweep programme accounted for $5.4 billion of that total.
Interactive Brokers said the average commission per cleared commissionable order was $2.61, including all exchange, clearing and regulatory fees. The average cleared DARTs per client account stood at 196 on an annualised basis.
The average commission per cleared commissionable order for stocks was $1.94. For equity options, it was $3.61, and for futures, it was $3.87.
Meanwhile, the average order size for stocks in May was 808 shares, for equity options it was 6.3 contracts, and for futures it was 3.1 contracts.
The brokerage’s performance figures reflect continued momentum among both retail and institutional clients, despite a slight seasonal slowdown in trading activity compared to April.
